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☆ Canada Accuses Google of Creating Advertising Tech Monopoly
▼ + stars: | 2024-11-28 | by ( Ian Austen | ) www.nytimes.com time to read: 1 min

Canada’s competition authority on Thursday accused Google of abusing its tools for buying and selling online advertising to create a monopoly, and filed a complaint seeking to force the company to sell two of its main advertising technology services. The case strikes at the heart of Google’s business and echoes an ongoing U.S. antitrust lawsuit against the Silicon Valley giant. Both cases come amid four other lawsuits filed in the United States against Google since 2020 and other efforts by officials around the world to reign in the power that large technological companies like Google, Amazon and Apple hold over information and commerce online. Canada is also attempting to use new laws to limit harms caused by social media and to require tech companies to compensate traditional news organizations.

Organizations: Google, Apple Locations: United States, Canada

☆ 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says
▼ + stars: | 2024-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The shares of all these global companies are traded in the U.S. and Europe. Trump has proposed tariffs of 25% on all products from Mexico and Canada, and additional tariffs on goods from China. Kinaxis Kinaxis, which helps companies plan their supply chains using digital replicas of physical operations, could also benefit, according to Redburn Atlantic. WiseTech Global WiseTech offers a "high-growth profile" investment opportunity that will benefit from the tariff trend, according to Redburn Atlantic.

Persons: Donald Trump's, Trump, Redburn, Lachlan Brown, Descartes, Kinaxis, Trump's, — CNBC's Michael Bloom Organizations: Descartes Systems, Manhattan Associates, SPS Commerce, WiseTech, Descartes Systems Descartes Systems, Manhattan Associates Manhattan Associates, SPS, Commerce Locations: U.S, Europe, United States, China, Mexico, Canada

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

☆ Will TikTok be banned? Here are the latest details on the app's legal fight to stay in the US and Trump's options
▼ + stars: | 2024-11-28 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

The US government is on track to force the app out on January 19, the day before Donald Trump takes office. There's a possibility that President Joe Biden could extend that deadline by 90 days, but he hasn't said he will. AdvertisementBut will a TikTok ban actually happen? While there is bipartisan support in Congress for a TikTok ban, support for a ban is fading among the American public. Some members of Congress have raised concerns that TikTok could be used as a CCP propaganda tool.

Persons: Donald Trump, Joe Biden, hasn't, Read, Amanda Perelli, TikTok, Matthew Schettenhelm, Trump, I'm, G.S, Hans, Nathan Posner, Getty Images Trump, ByteDance, John Moolenaar, Shou Chew, Chip Somodevilla Organizations: Business, Appeals, District of Columbia Circuit, DC, Bloomberg Intelligence, DC Circuit, Pew Research, Trump, Department, Congress, Cornell Law School, Washington DC, Anadolu Agency, Getty Images, Rep, Chinese Communist Party, CCP, Foreign Locations: TikTok, Los Angeles, Washington, United States, China, US

Even though the sale doesn’t officially start until Nov. 29, some of the best early Black Friday deals are already live. Below, I rounded up the best early Black Friday deals so far, each of which is highly rated and at least 20% off. SKIP AHEAD Best early Black Friday deals | More early Black Friday sales | How I picked the best early Black Friday deals | Why trust NBC Select? The best early Black Friday deals of 2024I found, vetted and wrote about every deal I recommend below. The best early Black Friday salesHere are the best early Black Friday sales to know about.

Persons: I’ve, “, ”, Rebecca Rodriguez, Rodriguez, It's, It’s, Josh Rios, Lemon, Harry Rabinowitz, Jenni Kayne, Billie, Olive, Jones, TikTok Organizations: NBC, Alexa, Amazon, Garmin, beechwood, Walmart, JCPenney, Adidas, Google, Samsung, Casper, Wellness, Facebook, Twitter Locations: carabiner, Samsonite, grippy

☆ Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank’s key borrowing rate were at 66% Wednesday morning, according to the CME Group’s FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

☆ Authorities seize 3,000 fake Gibson guitars in Southern California worth $18 million
▼ + stars: | 2024-11-27 | by ( Elizabeth Chavolla Nbc Los Angeles | Elizabeth Chavolla Is A Multiplatform Digital Producer At Telemundo Los Angeles | ) www.nbcnews.com time to read: +2 min

Thousands of counterfeit Gibson electric guitars were seized in a multi-agency investigation at the Los Angeles-Long Beach Seaport. The 3,000 fake guitars, if real, would be valued at about $18 million, according to authorities. “This is a big deal,” said attorney Andrea Bates, who represents Gibson Inc. “They were able to facilitate to identify and to seize $18 million worth of counterfeit guitars. “We can pick it up immediately and tell,” Heidt said. “So there are quite a few ways you can tell that it’s not accurate.”The material and sound quality also offer a tell, Heidt said.

Persons: ”, Africa Bell, ” Bell, Andrea Bates, “, Beth Heidt, ” Heidt, Heidt, Bell Organizations: U.S . Customs, Border Protection, U.S . Homeland Security Investigations, Los, Los Angeles County Sheriff’s Department, Gibson Inc, Authorities, Gibson Locations: Los Angeles, Long, U.S, Africa, American, Carson

☆ Amazon is JPMorgan's best idea for the holidays
▼ + stars: | 2024-11-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Consider adding Amazon to your holiday stock shopping list, according to JPMorgan. Analyst Doug Anmuth named the stock its best idea heading into the holiday stretch, citing expectations for 7.5% year-over-year growth and online shopping market share gains. Shares have rallied 36% this year, with the firm's $250 price target implying 20% upside from Tuesday's close. "Amazon maintains a leading ~45% share of US e-comm & enters the holiday season with strong momentum from early holiday promotions, [same-day/1-day delivery], regionalization, expansion of the Prime ecosystem, & competitive prices," he wrote. Amazon shares have popped more than 35% year to date, and analysts see more upside ahead.

Persons: Doug Anmuth, Anmuth, Amazon's Organizations: JPMorgan

Ana LuisaAna Luisa is a team favorite and our top pick for the best place to buy affordable fine jewelry. Studs Baroque Pearl Huggie $22.40 $32.00 Save 30% A freshwater pearl adds a touch of romance to your classic huggie. View at StudsOak and LunaThe jewelry pieces we choose to wear say a lot about who we are, but personalized jewelry takes that up a notch further. Oak and Luna is our go-to for personal jewelry pieces, as they have a huge variety of totally customizable pieces. Ring Concierge Movement Cloud Ring $278.60 $398.00 Save 30% This solid gold ring adds intrigue with its dynamic, flowing design.

Persons: Ana Luisa Ana Luisa, They're, Ana Luisa, Ana Luisa's, you'll, Mejuri Mejuri, Luna, it's, you've, that’s, Diamond Organizations: Business, Studs, Luna Black

☆ Trump wants to cut corporate taxes to as low as 15%. These stocks could benefit the most, Wolfe says
▼ + stars: | 2024-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump has called for cutting the corporate tax rate – and a slate of companies could stand to benefit, according to an analysis from Wolfe Research. That would be a reduction from the current corporate tax rate of 21%. A corporate tax rate of 18% would increase S & P 500 earnings per share by $5, while a 15% rate would lift earnings per share by $10, he said. Senyek's team identified companies that could see the greatest impact on their earnings per share from a lower tax rate. Wolfe also highlighted Amazon in its list of companies that could benefit from a lower corporate tax rate.

Persons: Donald Trump, Chris Senyek, Wolfe, Peter Supino, Biden, Supino, LSEG, Wells, Ken Gawrelski, AMZN, Fiserv, Goldman Sachs, Trump Organizations: Wolfe Research, Trump, White House, Republicans, GOP, US, Warner Bros, Discovery, Warner, White, ., Bank of America Locations: China, Wells Fargo

☆ Analysis: Tariff-happy presidents are not what the Constitution envisioned
▼ + stars: | 2024-11-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The tariffs might also violate the very trade agreement Trump negotiated with Mexico and Canada during his first term. This is not what the Constitution envisionedAfter all, the Constitution specifically gives Congress, not the president, the power to “regulate Commerce with foreign Nations.”How does Trump have the power to impose tariffs without any input from Congress? It’s pretty much the opposite of what’s in the Constitution, and it didn’t happen right away. In 1934, they passed the Reciprocal Trade Agreements Act, which gave the president power to lower import duties for countries with which the US had trade agreements. In the 1970s, Congress gave the president new trade promotion authority power to negotiate trade agreements and then have Congress ratify them without amendment.

Persons: CNN —, Donald Trump’s, Trump, Doug Irwin, ” Smoot, Hawley, Sen, Reed Smoot, Willis Hawley, Smoot, Franklin D, Roosevelt, Irwin, it’s, Barack Obama, Joe Biden, Trump’s, Qilai Shen, ” Irwin, ’ Trump’s, CNN’s Priscilla Alvarez, ”, Alvarez, Claudia Sheinbaum, “ Organizations: CNN, Trump, Nations, Dartmouth College, Democratic, Trump’s Commerce Department, GOP, Congress, Workers, Bloomberg, Getty Locations: Canada, Mexico, China, what’s, Utah, Willis Hawley of Oregon, Europe, Pacific, Shanghai

☆ Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank's key borrowing rate were at 66% Wednesday morning, according to the CME Group's FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

☆ Goldman's retail stock picks for Black Friday and the holidays
▼ + stars: | 2024-11-27 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Goldman recently surveyed 1,000 U.S. consumers about their holiday shopping plans, sorted by channel, products and retailers. "We continue to see a healthy holiday shopping backdrop for retailers that offer strong value and innovation across their assortments," Roach said. Amazon remains one of the most popular retail destinations for holiday shopping, attracting slightly more interest compared to the prior year, according to Goldman. Target, another forecasted retail winner this season from Goldman, has lagged its retail peers this year, down 8% in 2024. Wrangler brand owner Kontoor Brands was also among Goldman's buy-rated picks that it thinks can offer strong value and product innovation.

Persons: Goldman Sachs, Goldman, Brooke Roach, Roach, LSEG, Kontoor Brands, Goldman's Organizations: Goldman, Walmart, Target, Kontoor Brands, Black, Kontoor

☆ Walmart is ramping up its efforts to get you to shop on your TV this holiday season
▼ + stars: | 2024-11-27 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

It's ramping up its efforts this holiday to get people to shop while watching TV. Walmart is making its biggest push yet this holiday season to get people to shop while watching TV by debuting its first feature-length movie. Walmart didn't share specific results of last year's experiment but made some key tweaks this time around:AdvertisementFirst, "Jingle Bell Love" is a feature film. Add the fact that shoppable TV doesn't always fit neatly into ad agencies' buying practices, and it's been slow to take off. Walmart"Jingle Bell Love" isn't the only way Walmart will try to get people to shop from their TVs this holiday season.

Persons: It's, Jack Cooper, Joey McIntyre, Michelle Morgan, it's, Aimee Roesler, NBCUniversal, there's, Chris Vollmer, UTA's MediaLink, Roku, we've, Roesler, Gilmore, Stuart Little Organizations: Walmart, CMT, Paramount, YouTube Locations: Walmart.com

The best pajamas elevate the every night, and with the holidays around the corner they're a great gift for just about anyone on your list. Especially considering the plethora of Black Friday deals on cozy pajama sets we've already found. That means you can snag favorites like the Women's Dowxntime Pajama Set and Men's Second Skin Sleep Set for 40% off. LAKE Men's Pima Sleep Bundle $150.00 $200.00 Save 25% Can’t decide between pajama pants and shorts? Check out our roundup of all of the best Black Friday deals.

Persons: you've, Tommy John Tommy John, Tommy John, now's, Eberjey, Gisele, You've, it's, terry, Lunya, pant Organizations: Business, Black Locations: Men's Pima

☆ 2 things we always learn about a company before we decide whether to buy its stock
▼ + stars: | 2024-11-27 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

— Thanks, Marek We do two things right off the bat after identifying a stock that we might want to buy. Remember, as an investor, you want to know every little aspect of every company whose stock you buy or think about buying. Financial statements In addition to understanding a company from a high level, we can't take a position before analyzing the financial statements and getting a sense of the health of the company in question. All three are incredibly important, however, of the three, the balance sheet is going to be the one to look at first. Knowing what shape the balance sheet is in gives you a better sense of the company's outlook.

Persons: Jim Cramer, Marek, that's, it's, Linde, Myers Squibb, Myers, Karuna, Jim Cramer's, Jim Organizations: Amazon, Linde, Myers, Karuna Therapeutics, Bristol, LIN, CNBC Locations: Bristol

☆ Trump sprints through transition as he faces narrow window to act in office
▼ + stars: | 2024-11-27 | by ( Steve Contorno | Aaron Pellish | ) edition.cnn.com time to read: +10 min

On Tuesday, Trump’s transition team signed an agreement with the White House after months of postponing the traditional transition process – a delay that Biden officials warned could undermine an orderly transfer of power and pose national security risks. In a statement announcing the agreement, the Trump transition said it will use its own security and information systems, its own office spaces and maintain its own ethics plan. The transition team said its ethics plan will be posted online in compliance with federal law. Several of Trump’s picks have vast personal fortunes and deep ties to the private sector. Trump’s transition team has so far relied instead on internal vetting.

Persons: Donald Trump’s, Trump, –, Matt Gaetz, Department of Justice – Trump, Pam Bondi, Joe Biden, ”, Brian Ballard, “, ” Ballard, Gaetz, Pete Hegseth, Linda McMahon, Hegseth, McMahon, Howard Lutnick, Scott Bessent, – Lutnick, Florida Sen, Marco Rubio, Tulsi Gabbard, Robert F, Kennedy Jr, Kennedy, – Mehmet Oz, Janette Nesheiwat, Marty Makary, Sen, Markwayne Mullin, he’s, ” Sen, Peter Welch, Karoline Leavitt, Trump’s, untangle, Donald Trump Jr, Eric Trump, Bill Hagerty, Nick Iarossi —, —, ” Iarossi, CNN’s Betsy Klein, Lauren Fox Organizations: CNN, Trump, Republican, Washington, Florida Rep, Department of Justice, Sunshine, Republicans, Mar, GOP, Senate, Senate Republicans, Fox News, Department of Education, Department of Commerce, Bessent, Hawaii Rep, Medicare, Drug Administration, Oklahoma Republican, Vermont Democrat, America, White, Biden, General Services Administration, FBI, Gabbard, – Locations: Manhattan, Palm Beach, New York, Washington ,, Washington, Trump, Ukraine, Oklahoma, Vermont, Mexico, Canada, China, Florida

AdvertisementTrump's new DOGE commission, tasked with cutting spending, has floated laying off federal workers. Government employees told BI they're preparing by networking and freshening their resumes. President Bill Clinton also attempted to reduce federal spending and improve government efficiency with the National Performance Review, led by federal employees. Clinton's panel similarly succeeded in cutting 300,000 federal workers but only managed to get a quarter of proposals that required legislative action through Congress. One senior official at the Commerce Department told BI they anticipate a civil servant brain drain.

Persons: Donald Trump's, Jesus Soriano, who's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump's, Brian Hughes, Vance, Soriano, he's, Ronald Reagan, Grace, Bill Clinton, Joyce Howell, —, it's, we're, lifer, Sheria Smith, I'd, Smith Organizations: of Government Efficiency, Business, of Health, Human Services, National Science Foundation, agency's American Federation of Government Employees, GOP, SpaceX, Roivant Sciences, DOGE, of Housing, Urban Development, Veterans Affairs, Homeland Security, Management, Street, Trump, America, Grace Commission, US Postal Service, Postal Service, Environmental Protection Agency, Food and Drug Administration, FDA, of Labor Statistics, Commerce Department, BI, Department of Education, Education Department, aaltcheck Locations: America

☆ Here are Wednesday's biggest analyst calls: Nvidia, Dell, Amazon, Disney, Dick's, Urban Outfitters, Amazon, Ford & more
▼ + stars: | 2024-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

JPMorgan upgrades Martin Marietta Materials to overweight from neutral JPMorgan says the building materials company is well positioned. JPMorgan reiterates HP Inc. as overweight JPMorgan says it's standing by the stock following earnings on Tuesday. Bank of America reiterates CrowdStrike as buy Bank of America says trends are improving for CrowdStrike following earnings on Tuesday. Citi upgrades Urban Outfitters to buy from neutral Citi upgraded the stock following earnings and says it likes the retailer's execution. HSBC downgrades CrowdStrike to hold from buy HSBC downgraded CrowdStrike following its earnings and says it sees "limited near-term visibility."

Persons: Goldman Sachs, Goldman, Piper Sandler, Baird, it's bullish, Daiwa, Datadog, CrowdStrike, Bernstein Organizations: Dell Technologies, DELL, JPMorgan, Martin Marietta Materials, HP Inc, Holdings, Disney, DIS, Bank of America, Nvidia, Citi, Urban Outfitters, UBS, Goods, HSBC, CrowdStrike, Ford, General Motors

☆ Soft landing? Not so fast: Inflation heated back up in October
▼ + stars: | 2024-11-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —The Federal Reserve’s favored inflation gauge just moved in the wrong direction. The Personal Consumption Expenditures price index rose 2.3% in October from the year before, accelerating from the 2.1% pace notched in September, according to Commerce Department data released Wednesday. On a monthly basis, prices rose 0.2%, matching the gain seen in September. Inflation within the services sector drove much of the monthly increase, as those prices rose 0.4% from September, while goods prices ticked up by 0.1%. Wednesday’s inflation readings were exactly what economists had anticipated: Consensus estimates called for a 0.2% monthly increase and for the annual rate to climb to 2.3%, according to FactSet.

Persons: Donald Trump, —, We’re, Gus Faucher, “ Organizations: CNN, Federal, Commerce Department, PNC Financial Services Group, CNN Business

Amazon workers in more than 20 countries, including the United States and the United Kingdom, plan to hold protests or go on strike between Black Friday and Cyber Monday, two of the marquee shopping promotions of the year, according to organizers. ‘Make Amazon Pay Day’ is becoming a global act of resistance against Amazon’s abuse of power,” said Christy Hoffman, general secretary of UNI Global Union. In at least six German towns, thousands of Amazon workers are set to strike. In New Delhi, hundreds of Amazon workers are expected to rally to demand fair treatment. “Amazon is everywhere, but so are we,” said Varsha Gandikota-Nellutla, co-general coordinator of Progressive International.

Persons: ”, Christy Hoffman, Eileen Hards, we’re, Jeff Bezos, Varsha Organizations: Black, UNI Global Union, Progressive, International Labour Organization, United, Seattle, Progressive International, “ Locations: United States, United Kingdom, Switzerland, U.S, Germany, France, Japan, Brazil, Turkey, New Delhi, United Nations, Staten Island , New York, Alabama, New York, Spain, Italy

☆ Don't lose faith in the Big Tech megacaps, Jim Cramer says
▼ + stars: | 2024-11-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors not to write off Big Tech megacap stocks, some of which were able to jump on Tuesday after recent declines. Cramer reviewed the action in stocks including Apple , Amazon , Nvidia , Microsoft and Meta . According to Cramer, Apple and Amazon are reaping the rewards of two positive analyst notes, with Bank of America praising the latter's e-commerce and online advertising businesses. Cramer was less certain about the reasons for Tuesday's wins in Meta and Microsoft. "Here's the bottom line: don't begrudge the megacaps," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Morgan Stanley, Tim Cook's, Donald Trump Organizations: Big Tech, Apple, Nvidia, Microsoft, Meta, Bank of America, President Locations: China

☆ What could get more expensive if Trump launches a new trade war with Mexico and Canada
▼ + stars: | 2024-11-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

While leaders of the two nations continue to butt heads, US consumers have paid the price, shelling out more money on goods imported from China. Now Trump is focusing his attention on America’s largest and third-largest trading partners: Mexico and Canada. The 25% tariff Trump floated would have “huge impacts” on gas prices, amounting to an increase between 25 cents to 75 cents per gallon, he said. Said differently, your guac and avocado toast could skyrocket if 25% tariffs are levied on Mexico. Bottom line: It’s going to hurtThe new round of tariffs Trump is prepared to impose comes as the US has grown increasingly reliant on imports from Mexico and Canada.

Persons: Donald Trump’s, Trump, Joe Biden, Brace, Todd Korol, ” Patrick De Haan, Ulises Ruiz, Said, Maurico Palos, tariffs Trump, That’s Organizations: New, New York CNN, Trump, Gas, US Energy Information Administration, Rockies, Produce, Commerce Department, AFP, Getty, United, United Nations ’, General Motors, Ford, General Motors Co, Silao, Bloomberg Locations: New York, America, China, Mexico, Canada, West Coast, Kindersley , Saskatchewan, Great Lakes, Midwest, United States, Cerritos, Ciudad Guzman, Jalisco, Silao, Guanajuato

☆ Trump selects Jamieson Greer as U.S. trade representative
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +1 min

U.S. President-elect Donald Trump tapped attorney Jamieson Greer on Tuesday to serve as the U.S. Trade Representative, a pick that will play an important role in the Republican's agenda to remake the international trading environment through tariffs. Greer, an attorney who has practiced international trade law, served as chief of staff to the USTR Robert Lighthizer during the first Trump administration. Trump said Greer's efforts under Lighthizer helped reverse decades of "disastrous trade policies." His focus, if confirmed by the U.S. Senate, will be to rein in the trade deficit and open up "export markets everywhere," among other things, Trump said. Lutnick will have "direct responsibility" for the Office of the U.S. Trade Representative, he said last week.

Persons: Donald Trump, Jamieson Greer, Jamieson, Trump, Greer, Robert Lighthizer, Lighthizer, Howard Lutnick, Lutnick Organizations: U.S . Trade Representative, USMCA, American Workers, U.S . Senate Locations: China

The Goldman Sachs analysis also described Trump’s tariff announcement as “more reminiscent of the first Trump administration, when such tariffs were announced as a negotiating tactic.” Trump ultimately declined to impose some of his proposed tariffs. The unprecedented policy required migrants to stay in Mexico for the duration of their immigration proceedings in the United States. On the campaign trail, he frequently pledged to use tariffs as a negotiating tool to bend China and North American countries’ policies to his will. His advisers have acknowledged privately that tariffs could be more urgently slapped on Canada and Mexico, as Trump seeks to fulfill his campaign pledge to renegotiate his own free trade agreement. But Lutnick added that Trump wouldn’t seek to slap price-raising tariffs on goods that aren’t made in the United States.

Persons: Donald Trump’s, “, ”, Goldman Sachs, Matt Priest, Trump’s, Trump, ” Trump, Stephen Miller, Mike Pence, Claudia Sheinbaum, ” Sheinbaum, Joe Biden’s, —, Howard Lutnick, Lutnick, aren’t, ” Lutnick, it’s, CNN’s Matt Egan, David Goldman Organizations: CNN, Trump, Footwear Distributors, Retailers of America, General Motors, Stellantis, Ford Motor Company, North American Free Trade, Detroit Economic, CNBC Locations: Mexico, Canada, China, United States, North, America, ”, Washington, Mexican

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